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US to keep rates on hold: AMP Capital

Killian Plastow

— 1 minute read

14 June 2016

The US Federal Reserve is likely to keep interest rates on hold tomorrow, and is unlikely to raise them again until September, despite retail sales growth and increasing core inflation, says AMP Capital.

The looming threat of a Brexit, following the June 23 vote in the UK, and its potential to disrupt the economy made a June rise all but impossible, but AMP Capital’s head of investment strategy and chief economist Shane Oliver says any movement before September is unlikely.